INCY FY 2019 Earnings Report — Incyte Corporation Revenue & Financial Results | Market Cap Arena

Incyte CorporationINCY

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.9B	—	14.7%
Op. Income	$422M	—	$155M	—	171.4%
Gross Margin	93.2%	—	93.2%	—	-0.0pp
Net Margin	20.7%	—	5.8%	—	14.9pp
EPS (Diluted)	$2.05	—	$0.51	—	302.0%
Free Cash Flow	$633M	—	$263M	—	140.8%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$147M
GROSS PROFIT	$2.0B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$436M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$1.7B
OPERATING INCOME	$422M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$65M
INCOME BEFORE TAX	$487M
Income Tax Expense	$40M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$447M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$55M
EBIT	$489M
EBITDA	$543M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$147M
GROSS PROFIT	$2.0B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$436M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$1.7B
OPERATING INCOME	$422M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$65M
INCOME BEFORE TAX	$487M
Income Tax Expense	$40M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$447M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$55M
EBIT	$489M
EBITDA	$543M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$447M
Depreciation & Amortization	$55M
Stock-Based Compensation	$167M
Deferred Income Tax	-$377.0K
Other Non-Cash Items	-$14M
Change in Working Capital	$57M
OPERATING CASH FLOW	$711M
Capital Expenditure	-$78M
Acquisitions (Net)	$78M
Purchases of Investments	-$375M
Sales/Maturities of Investments	$365M
Other Investing Activities	-$78M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	-$822.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$17M
NET CASH FROM FINANCING	$46M
FREE CASH FLOW	$633M
Net Change in Cash	$669M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$285M
Net Receivables	$309M
Inventory	$11M
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$407M
Goodwill	$156M
Intangible Assets	$194M
Long-Term Investments	$134M
Tax Assets	$0
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$945M
TOTAL ASSETS	$3.4B
Account Payables	$84M
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$227M
TOTAL CURRENT LIABILITIES	$513M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$283M
TOTAL NON-CURRENT LIABILITIES	$315M
TOTAL LIABILITIES	$828M
Common Stock	$216.0K
Additional Paid-In Capital	$4.0B
Retained Earnings	-$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$60M
Net Debt	-$1.8B